SUMO LOGIC great buying opportunity, potential Multi-Bagger
Hello Traders,
here comes another big buying opportunity that could become a Multi-Bagger.
SUMO LOGIC (SUMO) is a Machine Data Software Company, which operates in the so called DevSecOps space. It offers a complete package to its customers regarding Data Analytics, Cloud Services and most important Security. Right now this Company is valued at a very cheap multiple of 8,62 EV/Sales (TTM) and a great Gross Profit Margin of 72,4% combined with a Growth Rate of 23,5%. These are excellent metrics valued at a (ridiculous) low price .
So right now SUMO is trading at $21,85 and if you takea close look at the 4h Chart you'll notice A BIG VOLUME INCREASE in combination with a Break-Out from it's (last big) Resistance around $21,40 (200 day EMA). The MACD Indicator also shows improvement and anyone, who is willing to bet on this one for the next 6 to 12 months, will be highly rewarded. After quickly reaching the 330S I expect first a retest of it previous highs around $45 and then everything will only depend of its further performance. Buy now until it's not too expensive to get in, you won't regret it...and by the way I am already long with an average price slightly under $19.
If you liked this post please give it a like, many thanks!
here comes another big buying opportunity that could become a Multi-Bagger.
SUMO LOGIC (SUMO) is a Machine Data Software Company, which operates in the so called DevSecOps space. It offers a complete package to its customers regarding Data Analytics, Cloud Services and most important Security. Right now this Company is valued at a very cheap multiple of 8,62 EV/Sales (TTM) and a great Gross Profit Margin of 72,4% combined with a Growth Rate of 23,5%. These are excellent metrics valued at a (ridiculous) low price .
So right now SUMO is trading at $21,85 and if you takea close look at the 4h Chart you'll notice A BIG VOLUME INCREASE in combination with a Break-Out from it's (last big) Resistance around $21,40 (200 day EMA). The MACD Indicator also shows improvement and anyone, who is willing to bet on this one for the next 6 to 12 months, will be highly rewarded. After quickly reaching the 330S I expect first a retest of it previous highs around $45 and then everything will only depend of its further performance. Buy now until it's not too expensive to get in, you won't regret it...and by the way I am already long with an average price slightly under $19.
If you liked this post please give it a like, many thanks!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.